Intel Thriving, Reports "Best First Quarter Ever"
Intel Thriving, Reports "Best First Quarter Ever"
Posted 04/14/2010 at 4:27am
| by Paul Lilly
3
Comments
Print
Intel on Tuesday reported robust earnings for the first quarter of 2010, calling it the best first quarter the chip maker has ever had.
"The investments we’re making in leading edge technology are delivering the most compelling product line-up in our history," said Paul Otellini, Intel president and CEO. "These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel's best first quarter ever. Looking forward, we're optimistic about our business as Intel products are designed into a variety of new and exciting segments."
Intel reported first-quarter revenue of $10.3 billion, an increase of 44 percent over one year ago, but that wasn't even the most impressive number. According to Intel, operating income was $3.4 billion, an increase of 433 percent over Q1 2009, while net income was $2.4 billion, a 288 percent jump over last year.
The chip maker also noted that the average selling price for microprocessors was slightly up, though Atom CPU and chipset revenue was down 19 percent to $355 million.
More like this
3
Comments
Comments are closed on this article
TechJunkie
April 14, 2010 at 2:53pm
All this is because of the price premium they charge for thier CPU's. And of coarse, the strong arming of manufacturers to use thier products exclusively and ax-ing AMD. If people would, just for a year, stop purchasing Intel products, they would have to slash prices in order to move thier product. But as long as there are people who just have to have intel, they will continue to charge a price premium.
win7fanboi
April 14, 2010 at 9:20am
this is were free market falters. they have no motivation to innovate at this point. Their last gen cpus are better than anything anyone's gotten. Now they will just sit on their @sses and get fat. No wonder they don't want to release the chipset with usb 3 till next year.
Yusonice
April 14, 2010 at 5:22am
while intel is making billions per quarter... amd is losing millions a yr :(
Connect with MaximumPC
Featured Content
The gang discusses the GTX 690, Trinity, Ivy Bridge, Amazon, big-box stores, MMOs,...
This month's issue
Feature
Build a PC On Any Budget
Feature
Cloud Services Showdown
How-To
Encrypt Your External Drive
Build It
Upgrade an X58 Rig
Most Commented Articles
Latest Max PC Tweets
- maximumpc: Original RickRoll Video Returns to YouTube After 24-Hour Copyright Hiatus http://t.co/MaH9Sxyy6 hours 11 min ago
- maximumpc: Corsair has decided not to go forward with its $78 million IPO, citing weak equity market conditions http://t.co/A5a4DAzj6 hours 21 min ago
- maximumpc: Want to work at Maximum PC? Our Online Managing Editor, Alex, is moving away, so we need a new one. http://t.co/9Z7JCh0E2 days 4 hours ago
